Interesting that Genl have slipped today. Punters switching back to GKP perhaps? Anyway here's to Monday. Cheers. |
Stale bulls exiting at 170p? Bloody nutcases more like. |
https://x.com/john78846295/status/1885310645626634721 Government's largest bloc, Taqadum faction, delares it will vote in favour of the budget amendment on Sunday (39 seats). https://x.com/john78846295/status/1885351985358008658 Victory Alliance declares support for the amendment - another 11 votes. |
The weakest of the stale bulls exiting 🐮😴 |
170 difficult to breach, but it's gonna blow shortly. |
For those who follow such things:-
Qasem Al-Ali
@AlaliQasem
#GKP 📊 Gulf Keystone Petroleum (GKP.L) Analysis:
Bullish momentum confirmed as the stock trades above key moving averages (50 EMA & 200 MA). ADX shows a strong trend with +DI dominance.
🚀 Target:
•Short-term: 180
•Long-term: 260+ (2022 high)
Buy dips at 150–160. Watch for breakout above 172 for continuation. |
30,000 at 171.598 |
Yep this is the first but most important step. But the one ultimately that will get the oil flowing. In my opinion they have choreographed the vote being a success now to the point that if it doesn't go through it will be a major embarrassment to Al Sudani. I expect this time it will happen. |
scrwal. That may be very true, I'm thinking though that there's a lot more to do than just passing the budget amendment, hundreds of nuts and bolts to fit together in the negotiations about how it's going to work, who gets paid, how and what trousering opportunities there are. |
 hxxps://www.ava.news/news/20634
Halbusi's party will vote for the budget amendment
Ava News
The Iraqi parliament will vote on the budget amendment next Sunday.
Big picture: After several obstacles to the passage of the budget amendment, a meeting between the Iraqi prime minister and the leaders of the factions on Wednesday night reached a general understanding to pass the budget amendment.
Official statement: Haibat Halbusi, the head of the Taqadum faction, which is also the head of the Oil and Energy Committee in the Iraqi parliament, said that all members of the faction will vote on the budget amendment and resume oil exports.
Why it matters: According to the amendment to Article 12(c) of the budget law, the cost of production and transportation of Kurdistan oil will be increased from $6 to $1
What you need to know: Wednesday 29-1-2025, at the house of Mohammed Shia Sudani, Iraqi Prime Minister, in Baghdad, on the amendment of the budget law and the issue of salaries of the Kurdish people was done. |
This is going to shake up a few Middle East nations aspirations, Iran, UAE, Egypt for starters. Plus BRICS of course.
DJT last night
" The idea that the BRICS Countries are trying to move away from the Dollar, while we stand by and watch, is OVER. We are going to require a commitment from these seemingly hostile Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy. They can go find another sucker Nation.
There is no chance that BRICS will replace the U.S. Dollar in International Trade, or anywhere else, and any Country that tries should say hello to Tariffs, and goodbye to America! "
. |
Seems that a lot of high level meetings are still going on. Iraqi expectations appear to be that things will be approved on Sunday but that may not be the case as a lot still hasn't been agreed with the KRG as evidenced by these ongoing meetings. |
Thanks PJ.
Hope your well
Been expecting another share price prediction from you.
Hope the Icg Krg salaries meeting 1pm goes well.
We could tick up if so.
Gla |
Mentions the oil restart
High-level KRG delegation to discuss key financial issues in Baghdad
The discussions, hosted at the residence of Fuad Hussein, Chairman of the Iraqi Economic Council, will include key officials such as KRG’s Finance Minister Awat Janab Noori and Iraq’s Finance Minister Taif Sami.
2 hours ago
The logo of the KRG (right) and the Iraqi government. (Photo: Designed by Kurdistan24)The logo of the KRG (right) and the Iraqi government. (Photo: Designed by Kurdistan24)
Kurdistan
KRG
Iraqi Ministry of Finance
Fuad Hussein
Awat Janab Noori
Taif Sami
Financial issues
ERBIL (Kurdistan24) – A high-level delegation from the Ministries of Finance of Iraq and the Kurdistan Region is set to convene for a crucial meeting at 1 PM on Friday. The discussions, hosted at the residence of Fuad Hussein, Chairman of the Iraqi Economic Council, will include key officials such as KRG’s Finance Minister Awat Janab Noori and Iraq’s Finance Minister Taif Sami.
The meeting will focus on three major financial issues:
Annual Budget Allocation: Reviewing the total revenue required by the Kurdistan Region Ministry of Finance for the 12 months of 2025 to ensure timely payment of civil servants.
Pension Separation Plan: Addressing the pension list for civil servants retiring this year at the age of 60, including the distribution of 12 months' pension payments.
Revised Balance Sheet: Finalizing a revised financial balance sheet for the past 12 months to ensure transparency and accuracy in financial planning.
These matters have been meticulously prepared by both the Kurdistan Regional Government (KRG) and Baghdad delegations in prior discussions held in Erbil. Given the cooperative groundwork, no significant obstacles are expected at today’s meeting, and final decisions on these key issues will be made during the session.
In parallel, Iraqi Prime Minister Mohammed Shia al-Sudani recently held a meeting with parliamentary faction leaders to discuss amendments to the national budget law. Following the discussions, Vian Sabri, head of the Kurdistan Democratic Party (KDP) faction in the Iraqi parliament, informed Kurdistan24 that a consensus was reached on passing the amendments. Notably, these amendments include provisions related to the re-export of oil, a significant step in ensuring financial stability and cooperation between Baghdad and the Kurdistan Region.
Today’s meeting is expected to reinforce the collaborative efforts between the federal and regional governments, paving the way for effective financial management and economic progress in Iraq. |
One last chance for those close to the action and in control of press releases to make an absolute fortune trading. |
Can't blame them really |
We should have an RNS shortly rgds CEO stay bonus.They need to have bought in around 75,000 -80,000 more shares to complete the bonus.I suspect also the company may then start up the buyback program , |
Headcase alert |
The market doesn't believe the vote would take place on Sunday. |
Whatever the legality of PSCs they surely are history as everyone signs up to Sistani`s new approch to pricing but I suppose they do need to be careful that he doesn`t slip in a late amendment. The good part is that APIKUR seem happy to go along. but the bottom line is where the truth lies for us. |
Iraqi Parliament to pass Budget Law amendments Sunday
Iraq
Breaking
Budget Law
Amendment
Iraqi Parliament to pass Budget Law amendments Sunday
2025-01-30 14:21
Font
Shafaq News/ The Iraqi Parliament has scheduled a session for Sunday to vote on the first amendment to the Federal Budget Law, following an agreement between political blocs to approve the changes submitted by the government.
Sunday’s session will include a vote on the proposed amendment along with other legislative items, according to the parliamentary agenda published by the Media Department of the Council of Representatives.
The budget amendment vote had been repeatedly delayed due to political disagreements, and, at times, a lack of quorum. However, a political source confirmed to Shafaq News that "Prime Minister Mohammed Shia al-Sudani and political bloc leaders have reached an agreement to pass the amendment in Sunday’s session."
Key changes in the amendment include an increase in compensation for the Kurdistan government (KRG) regarding oil production and transportation costs, raising the compensation rate from $6 to $16 per barrel, reflecting the actual expenses incurred by the KRG, in addition to a mandate that the KRG immediately transfers its oil output to the state-run Oil Marketing Company (SOMO) to consolidate oil revenues under federal control. |
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